Minimum Down Payment: 15% for purchasing of property
Where the property is already owned, 85% of the property value would be given, subject to the ceiling amount.
HOME OWNERSHIP/EQUITY
Mortgage Loan Limit: Up to $1,500,000
Interest Rate: 0.50% per month on the reducing balance
Repayment Period: 25 years maximum
Requirements:
- BIR file number
- Recent job letter
- Recent payslip
- Two valid forms of national identification
- Copy of business Registration Certificate (self-employed)
- Six-month financial record (self-employed)
- Copy of Title Deed and Cadastral Sheet
- WASA Clearance Certificate
- Current Land and Building Tax receipt
- Town and Country approval
- Lease/Rent receipt (where applicable)
- Valuation Report on property/land
- Sale Agreement
- Statement of Life Insurance (for loans in excess of $200,000.00)
- Trans Union Credit Report fees – $75.00
- Recent Electricity Bill
Application Form – Instructions
Application Form – Instructions
- Please download your Application Form by clicking here.
(Form is titled “Loan Application”) - If the Form opens in your browser, save it to your computer.
- Open the Form and fill out the editable fields by typing in the answers to solicited information.
- Once you have done so, save this Form. Do not sign the Form. Electronic Signatures are not permitted.
- Your Application Form must be signed during your meeting with us, in the presence of our officials.
- You must schedule an appointment by calling any of our offices convenient to you.
- Please bring your printed Form, together with all other required documents, to the appointment.